A New Day at IPANM
Who we are – the IPANM Story
Who We Are
IPANM is the voice of the independent oil and gas producers in New Mexico. We advance and preserve the interests of independent oil and gas producers while educating the public to the importance of oil and gas to the state and all our lives.
About IPANM
The Independent Petroleum Association of New Mexico was formed in 1978 by a concerned group of New Mexico independent oil and natural gas producers. In the spirit of this tradition, IPANM continues to grow and provide the services that protect, defend, and promote the industry that is the very foundation of our way of life. A primary goal of IPANM is to educate the public about the benefits provided by our industry. Oil and natural gas is the WORKHORSE of New Mexico’s economy. It is vital the public understand that as an industry we continually contribute to a better New Mexico. IPANM monitors industry issues on the state and national level and gets involved when necessary. IPANM actively works to promote legislation in New Mexico, works with state regulatory agencies, and even pursues litigation when called for. Additionally, IPANM’s more than 300 members enjoy technical education and networking opportunities. We educate the public about the enormous positive impact our industry has on New Mexico’s economy, and we challenge anti-industry attack groups who seek to intentionally deceive the public.
The Fuel and Engine of New Mexico’s Economy
New Mexico is an energy leader thanks to the abundant natural resources found in the San Juan and Permian Basins that lie within our state border.
NATURAL GAS: New Mexico has long been a leader in natural gas production thanks to the San Juan Basin in the northwest Four Corners area. Currently, New Mexico ranks as the 8th highest natural gas producing state in the country. However, with recent turnover of drilling and service assets to new companies in the San Juan, there remains many opportunities for increased efficiencies and production. The San Juan Basin’s development can be directly linked to the work of independent producers, many who were founding members, and continue to be leading members of IPANM today.
OIL: New Mexico is currently experience an historic oil boom. In 2017, New Mexico moved up to become the 3rd ranked state when it comes to crude oil production due to development of the Permian Basin in southeast quarter of the state. Only Texas and North Dakota produce more oil by barrels in a calendar year.
Become a Member
You’re missing out on forming relationships with a great group of people who will watch your back while also helping you to build your business. The networking opportunities alone are well worth the annual dues. A membership in IPANM is an investment in your company’s future and in the industry as a whole.
Board of Directors
The member-elected Board of Directors guides all business conducted by the Association. Past-Presidents also have the option to remain on the Board with voting privileges, though their attendance is not mandatory. The Board hires an Executive Director to oversee administrative and lobbying functions. Consequently, IPANM focuses solely on the concerns of the independent oil and gas producer in New Mexico.
IPANM Resources
IPANM has a wide variety of resources for members to learn about important current issues facing our industry, member events, legislative & regulatory updates, and our annual conference. But, you must be a member to receive exclusive access!
Counting the Money
(Click To Expand Graphic Below)
Tracking the Money
(Click To See Report Below)
A Brief History of Shale Oil
Fifteen years ago, shale oil development was in its infancy. However, most analysts at the time did not think shale oil would become a profitable extraction method due to higher production costs. Foreign oil producing countries, including OPEC, held a dominant stranglehold on the world’s crude oil production. OPEC dismissed shale oil as non-relevant to overall world market.
However, the oil and gas industry learned how drill and operate efficiently to make shale oil possible and profitable. This operational revolution has decreased the United State’s dependency on foreign oil by increasing domestic production. Many analysts did NOT see this boom coming. Thus, as domestic oil production has boomed because of shale oil, the role and influence of OPEC has diminished significantly. Where as in the past OPEC could essentially control oil prices due to production cuts and increases, now, the new OPEC (OPEC + Russia) is being forced to react to U.S. oil production.
Independent Petroleum Association of New Mexico
IPANM Administrative Offices
P.O. Box 6101, Roswell, New Mexico, 88202
Bus. - 575-622-2566 | Fax. - 575-622-2566
Natural Gas
WTI Crude Oil
Independent Petroleum Association of New Mexico
IPANM Administrative Offices
P.O. Box 6101, Roswell, New Mexico, 88202
Phone 575-622-2566
Search
Website designed by Siarza Social Digital